MARKET

International transfer money

Sending money? Why not do it with Bitcoin

Conducting an international money transfer using your high street bank is not only costly but can also easily take up to five days or more. The commonly used alternatives to international bank transfers are large money transfer operators (MTOs) such as the Western Union or MoneyGram. However, the fees that money transfer operators charge on top of sub-optimal exchange rates are often worse than the fees that banks are charging.

According to the World Bank, the average cost of remittances globally stood at 7.45 percent in March 2017. In other words, if you are sending GBP 500 to a family member abroad, they will on average only receive the local currency equivalent of GBP 462.75. The GBP 37.25 that the recipient loses out on can go a long way in many parts of the world and that’s why new ways to send money abroad must be found.

Every market has its own infrastructure and working ways for it. No matter, if it is dependent on another markets or industry. The blockchain & cryptocurrency market is holding billions of money in the virtual world. Enabling the peoples to transfer high value money to each other. Talking about the infrastructure of DPC platform. It is totally depends on how people use the coin. Let’s assume one freelancer is willing to receive international payment within a seconds He is a member of particular freelancing website or community which accepts only Credit card as a payment method. Now the real life problem begins here. Once he is ready to receive the payment, he must verify his freelancing account as per KYC norms of particular website. This way it will take normally 24-48 hours. After getting approved, he will be able to receive payments and its normally executed within 2-3 days. So, let’s override the whole process of sending & receiving payments within a 30 seconds using DPCOIN payment platform. Now, you can send and receive your transaction within a fraction of seconds.

Borderless Payments

Whenever one or group of people required to send money outside the country. It is most important thing to receive payment as soon as possible on receiver’s side. In this terms DPCOIN payment solution is available to solve the issue.

This platform is a totally dedicated for the people of an online economy where people transacts using fiat currencies. To successfully enable borderless payments in a real term, one have to send money using DPCOIN web or mobile wallet to another person. The receiver will get an instant notification of new incoming payments. Now to withdraw that money receiver can withdraw that amount in fiat currency for his/her routine use.

There are several benefits of using borderless payments, the first and foremost important benefits is the faster transactions without involving any intermediate banks or third party persons. It helps an individual to save their time.